New York City Council Agenda January 29, 2026
Council Considers Tax Exemption Agreement with Penn South
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Description
The New York City Council is considering Resolution 0034-2026 to approve a Tenth Amendatory Agreement with Penn South granting a real property tax exemption for multiple residential blocks in Manhattan. The measure would formalize continued tax relief under New York’s Private Housing Finance Law for the Penn South cooperative housing complex.
Contract Details
Vendor
PENN SOUTH
Agency
Department of Probation (DOP), NY
Contract Type
FINANCIAL_SERVICES
Document Date
January 29, 2026
Renewal Info
Described as a proposed Tenth Amendatory Agreement, indicating nine prior amendments to the underlying tax exemption arrangement between the City and Penn South; this action would further extend or modify those existing terms.
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